48
Financial Adviser. This seems to be nother shong action on the Ministers part anders he has done it with 2o.
connivance in which case 70. n
thin have told us. We must consult DD
: Opy to 70 cuft rad for their
news
JR22/1/14.
271114
Rus
Ave
22.1.14
Aboust.
P. 22.1.14
lk.
22.1.14
to
Paraphrase of a telegram from the Governor of HongKong to the Secretary of State for the Colonies.
(Received, Colonial Office, 3.15 p.m., 21st January 1914)
(7 Provincial) Treasury of Canton is empty and Canton notes are at a discount of more than 70 %. Trade is dead and there is danger of mutiny and of serious complications, owing to lack of cash to pay troops. Canton Government is seeking loans and Hillier representing Hong Kong and Shanghai
to negotiate international silver Bank recently offered loan for $20,000,000 to be issued by the five Power group banks in the Province of Canton and Hongkong on the security of likin dues, rice, tea, house tax and other revenues and on condition of acceptance of a
foreign Associate Financial Commissioner to supervise the collection of revenues and expenditure to be used in the first instance for rehabiliting (sic) the note issue. His Majesty's Minister at Peking has informed me and also Consul General at Canton that he is averse from intrusion of quin-
z D ke tuple group with power to control near Hong Kong authorised Consul General to persuade the Canton Government to raise
domestic loan in Hong Kong and Canton suggested by Consul
General and myself with as much foreign control as the
Chinese can be induced to accept. Kinister asks whether the
Government of Hong Kong can lend services of financial
adviser. I have no doubt that a suitable officer can be
spared either from Hong Kong or from the Straits Settlements and as the matter is most urgent I ask your authority to promise assistance and to support the scheme.
MAY.
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